#1 - Chapters 12, 13 Question 18 of 20 - / 10 3 Current Attempt in Progress Here are comparative statement data for Cullumber Company and Oriole Company, two competitors. All balance sheet data are as of December 31, 2022, and December 31, 2021 Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock. $10 par Retained earnings Cullumber Company 2022 2021 $1,856,000 1,079.000 263.000 7.000 75.000 590,015 $565,462 953,508 905,000 120,048 137.225 206.322 162.900 905,000 905,000 312.153 265,337 Oriole Company 2022 2021 $596,000 298,000 83,000 2.800 34.000 150,838 $143.835 252.908 227.720 63.980 54,809 53.612 45,250 217 200 217.200 68.954 54.296 (a) MacBook Air 1 - Chapters 12, 13 Question 18 of 20 - /10 (a) Prepare a vertical analysis of the 2022 income statement data for Cullumber Company and Oriole Company. (Round all ratios to 1 decimal place, e.g. 2.5%) Condensed Income Statement For the Year Ended December 31, 2022 Cullumber Company Dollars Percent Oriole Company Percent Dollars $1.856.000 $596,000 1,079.000 X 298.000 777.000 X 298.000 263.000 83.000 514.000 * 215.000 > 7.000 2.800 507.000 212.200 MacBook Air #1. Chapters 12, 13 Question 18 of 20 -/10 E 1,079,000 298,000 777,000 % 298,000 263,000 % 83,000 v 514,000 % 215.000 v 7,000 % 2,800 507,000 % 212.200 75,000 * 34.000 $432000 % $178,200 (61) Compute the 2022 return on assets and the return on common stockholders' equity for both companies. (Round all ratios to 1 decimal place, s.2.5%) Cullumber Company Oriole Company MacBook Air kam ti1. Chapters 12.13 Question 18 of 20 - / 10 III 7,000 % 2,800 507.000 % 212,200 75,000 34.000 $432,000 % $178,200 151) Compute the 2022 return on assets and the return on common stockholders' equity for both companies (Round all ratios to 1 decimal place, s. 2.5%) Cullumber Company Oriole Company Return on assets X Return on common stockholders equity Attempts: 0 of 1 used Sam Am MacBook Air